Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $112,735.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the transaction, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded down $2.67 during trading hours on Thursday, hitting $155.31. 5,097,997 shares of the company’s stock traded hands, compared to its average volume of 5,117,667. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day simple moving average is $134.80 and its two-hundred day simple moving average is $130.65. The company has a market cap of $98.46 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Benchmark increased their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $26,000. Hollencrest Capital Management boosted its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $28,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.